v3.26.1
Unaudited Condensed Consolidated Statements of Equity - USD ($)
$ in Thousands
Preference Shares
Common Shares
Treasury
Additional paid-in capital
Retained Earnings (Accumulated deficit)
Accumulated other comprehensive (loss) income
Noncontrolling interest
Total
Balance at Dec. 31, 2024 $ 9,050 $ 1,793 $ (1,172) $ 553,583 $ (98,209) $ (1,565) $ 463,480
Balance (in Shares) at Dec. 31, 2024 1,000,000 179,125,205            
Balance (in Shares) at Dec. 31, 2024     (129,986)          
Share-based compensation expense 219 219
Issuance of ordinary shares/At-the-market offering, net of offering costs   $ 31 10,146 10,177
Issuance of ordinary shares/At-the-market offering, net of offering costs (in Shares)   3,149,887            
Share-based compensation in connection with issuance of ordinary shares to employees 48 48
Share-based compensation in connection with issuance of ordinary shares to employees (in Shares)   21,250            
Share-based compensation in connection with issuance of ordinary shares to consultants $ 5 1,638 1,643
Share-based compensation in connection with issuance of ordinary shares to consultants (in Shares)   450,000            
Share-based compensation in connection with issuance of ordinary shares to director 68 68
Share-based compensation in connection with issuance of ordinary shares to director (in Shares)   20,000            
Other comprehensive loss (505) (505)
Net loss (57,711) (57,711)
Balance at Mar. 31, 2025 $ 9,050 $ 1,829 $ (1,172) 565,702 (155,920) (2,070) 417,419
Balance (in Shares) at Mar. 31, 2025 1,000,000 182,766,342            
Balance (in Shares) at Mar. 31, 2025     (129,986)          
Balance at Dec. 31, 2024 $ 9,050 $ 1,793 $ (1,172) 553,583 (98,209) (1,565) 463,480
Balance (in Shares) at Dec. 31, 2024 1,000,000 179,125,205            
Balance (in Shares) at Dec. 31, 2024     (129,986)          
Net loss               (42,838)
Balance at Jun. 30, 2025 $ 9,050 $ 2,842 $ (1,172) 762,158 (141,047) 1,358 633,189
Balance (in Shares) at Jun. 30, 2025 1,000,000 284,052,291            
Balance (in Shares) at Jun. 30, 2025     (129,986)          
Balance at Mar. 31, 2025 $ 9,050 $ 1,829 $ (1,172) 565,702 (155,920) (2,070) 417,419
Balance (in Shares) at Mar. 31, 2025 1,000,000 182,766,342            
Balance (in Shares) at Mar. 31, 2025     (129,986)          
Share-based compensation expense 5,819 5,819
Issuance of ordinary shares/At-the-market offering, net of offering costs $ 255 48,056 48,311
Issuance of ordinary shares/At-the-market offering, net of offering costs (in Shares)   25,504,699            
Issuance of ordinary shares/public offering, net of offering costs $ 24 4,084 4,108
Issuance of ordinary shares/public offering, net of offering costs (in Shares)   2,372,035            
Share-based compensation in connection with issuance of ordinary shares to employees $ 5 1,161 1,166
Share-based compensation in connection with issuance of ordinary shares to employees (in Shares)   531,250            
Share-based compensation in connection with issuance of ordinary shares to consultants $ 3 545 548
Share-based compensation in connection with issuance of ordinary shares to consultants (in Shares)   250,000            
Other comprehensive loss 3,428 3,428
Net loss 14,873 14,873
Balance at Jun. 30, 2025 $ 9,050 $ 2,842 $ (1,172) 762,158 (141,047) 1,358 633,189
Balance (in Shares) at Jun. 30, 2025 1,000,000 284,052,291            
Balance (in Shares) at Jun. 30, 2025     (129,986)          
Balance at Dec. 31, 2025 $ 9,050 $ 3,243 $ (1,172) 890,068 (178,526) 1,331 141,267 $ 865,261
Balance (in Shares) at Dec. 31, 2025 1,000,000 324,192,228            
Balance (in Shares) at Dec. 31, 2025     (129,986)         129,986
Share-based compensation expense 4,139 $ 4,139
Issuance of ordinary shares/At-the-market offering, net of offering costs $ 750 140,875 141,625
Issuance of ordinary shares/At-the-market offering, net of offering costs (in Shares)   75,000,000            
Declaration of dividends to preferred shareholders (800) (800)
Changes in ownership interests in a subsidiary - settlement of subsidiary RSUs (2,397) 2,397
Purchase of zero-strike call options in connection with issuance of convertible notes (120,000) (120,000)
Share-based compensation in connection with issuance of ordinary shares to employees $ 49 7,934 7,983
Share-based compensation in connection with issuance of ordinary shares to employees (in Shares)   4,849,374            
Share-based compensation in connection with issuance of ordinary shares to director 50 50
Share-based compensation in connection with issuance of ordinary shares to director (in Shares)   21,097            
Other comprehensive loss (1,200) (1,776)
Net loss (146,668) (150,278)
Balance at Mar. 31, 2026 $ 9,050 $ 3,316 $ (1,172) 783,878 (325,994) 131 139,478 608,687
Balance (in Shares) at Mar. 31, 2026 1,000,000 331,434,734            
Balance (in Shares) at Mar. 31, 2026     (129,986)          
Balance at Dec. 31, 2025 $ 9,050 $ 3,243 $ (1,172) 890,068 (178,526) 1,331 141,267 $ 865,261
Balance (in Shares) at Dec. 31, 2025 1,000,000 324,192,228            
Balance (in Shares) at Dec. 31, 2025     (129,986)         129,986
Net loss               $ (261,943)
Balance at Jun. 30, 2026 $ 9,050 $ 3,549 $ (1,172) 818,218 (433,206) (1,276) 136,969 $ 532,132
Balance (in Shares) at Jun. 30, 2026 1,000,000 354,799,305            
Balance (in Shares) at Jun. 30, 2026     (129,986)         129,986
Balance at Mar. 31, 2026 $ 9,050 $ 3,316 $ (1,172) 783,878 (325,994) 131 139,478 $ 608,687
Balance (in Shares) at Mar. 31, 2026 1,000,000 331,434,734            
Balance (in Shares) at Mar. 31, 2026     (129,986)          
Share-based compensation expense 2,094 2,094
Issuance of ordinary shares/At-the-market offering, net of offering costs $ 230 34,245 34,475
Issuance of ordinary shares/At-the-market offering, net of offering costs (in Shares)   22,997,224            
Changes in ownership interests in a subsidiary - settlement of subsidiary RSUs (2,654) 2,654
Share-based compensation in connection with issuance of ordinary shares to employees $ 3 487 490
Share-based compensation in connection with issuance of ordinary shares to employees (in Shares)   271,250            
Share-based compensation in connection with issuance of ordinary shares to consultants 118 118
Share-based compensation in connection with issuance of ordinary shares to consultants (in Shares)   75,000            
Share-based compensation in connection with issuance of ordinary shares to director 50 50
Share-based compensation in connection with issuance of ordinary shares to director (in Shares)   21,097            
Other comprehensive loss (1,407) (709) (2,116)
Net loss (107,212) (4,454) (111,666)
Balance at Jun. 30, 2026 $ 9,050 $ 3,549 $ (1,172) $ 818,218 $ (433,206) $ (1,276) $ 136,969 $ 532,132
Balance (in Shares) at Jun. 30, 2026 1,000,000 354,799,305            
Balance (in Shares) at Jun. 30, 2026     (129,986)         129,986